The cues lie not just in mining: FatBTC, the largest cryptocurrency-only exchange serving Chinese clients, increased its volumes by more than 50 percent over the past day alone.
Nonetheless, Chinese lawmakers have given no hint that they intend to revisit a decision from 2017 to outlaw all legal trading options for local residents. Favoring blockchain technology, only the practice of cryptocurrency holding remains de facto legal.
This month, research from The Next Web revealed China as the country holding the largest number of blockchain patents with awards totalling nearly 800
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